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Dubai Electricity and Water Authority has signed an agreement with Drydocks World to collaborate on renewable energy projects.

The agreement will seek co-operation in asset management and maintenance, Saeed Al Tayer, managing director and chief executive at Dewa said in a statement released on Thursday.

Dubai has targeted generating 25 per cent of its energy needs from clean resources by 2020 and hopes that figure will reach 75 per cent by 2050. Currently four per cent of Dubai's energy needs are solar-powered.

Drydocks World will work within the framework of the Shams Dubai initiative launched by Dewa to encourage households and institutions to generate electricity from photovoltaic panels installed at their facilities. The power generated will be consumed on site, with any surplus exported to Dewa's grid.

Last year, around 453 buildings fitted with PV panels generated up to 18.7 megawatts of electricity under the Dewa initiative.